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Enron Mail |
Dave:
I've read the comfort letter. With respect to item #1, the first paragraph is fine. With respect to the second paragraph, what situation is he trying to address? For example, I thought that in situations where the counterparty clicked on a price and the price changed in the counterparty's favor before the trade was executed, that the counterparty would get the better price. The second paragraph might negate this as written. Can a situation really arise where the system misreads a counterparty's offer? I think that we need to be very careful in what we say here. With respect to point #2, I need to defer to Mark Taylor on this because I thought that the confirmations control, but it could be the case that our electronic records could prevail if there is a conflict between the 2. That would seem to make sense to me but I would prefer that Mark concurred with this. Carol
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